Defined contribution pension: plans regarding spending the cash in the UK in 2014

This statistic reveals the plans of British adults regarding cash taken from the defined contribution pension in the United Kingdom (UK) in 2014. It was reported that 22 percent of respondents stated they would use the money for daily expenses, while another 21 percent said they would spend it on a holiday plan.

Plans regarding spending of cash taken from defined contribution pension in the United Kingdom (UK) in 2014*

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Source

In cooperation with
Ipsos
Release date

November 2014

Region

United Kingdom

Survey time period

September to October 2014

Number of respondents

54 respondents

Age group

45-65 years

Special properties

All with a defined contribution pension who plan to take some or all as a cash lump sum

Supplementary notes

*The question was phrased by the source as follows: "What do you plan to do with the cash you take from your pension?"

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